Shell to Review Household Energy Businesses in UK, Netherlands, Germany
27 January 2023 - 09:55PM
Dow Jones News
By Elena Vardon
Shell PLC on Thursday said it is starting a strategic review of
its home energy retail business in the U.K., the Netherlands and
Germany, but stressed that no decisions have yet been made.
The London-based energy giant said that the review is likely to
take a number of months, adding that the wholesale and B2B energy
supply businesses aren't part of this review.
It didn't say whether any jobs would be affected by the
decision, but confirmed that Shell Energy Retail Ltd. currently
employs around 2,000 people.
Shell said that the review is part of its 'power progress'
strategy which includes exploring options to address performance in
tough market conditions and maximize the value of its
portfolio.
The company's priority remains to ensure customers in those
countries continue to receive their energy supply, and to provide
support for those who are struggling with the cost of energy and
wider cost-of-living pressures, it said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
January 27, 2023 05:40 ET (10:40 GMT)
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